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Wyloo undertakes $760m takeover of Mincor Resources shares
Wyloo Consolidated is being advised on an on-market takeover offer for all of the shares in listed company Mincor Resources NL.
Jerome Doraisamy
Firm: Clayton Utz (Wyloo Consolidated)
Area: Corporate
Value: $760 million
Key players: The Clayton Utz team is being led by partners Mark Paganin and Stephen Neale, who are being supported by senior associate William Davies, and lawyers Tashreen Tourabaly, Victoria Bandurski and Matthew Ledger, as well as partners Peter Feros and Keshni Maharaj and senior associates Amy Liu and David Wong, and partner Kate Casellas.
Deal significance: The offer price of $1.40 cash per share implies an equity value for Mincor of approximately $760 million, Clayton Utz said in a statement, and represents a 35 per cent premium to the closing price of Mincor shares on 20 March 2023, the last trading day prior to the announcement.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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